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Core Purpose

The Reserve Bank of India directs the inclusion of Coastal Local Area Bank Limited in the Second Schedule to the Reserve Bank of India Act, 1934.

Detailed Summary

The Reserve Bank of India (Central Office, Mumbai), through Notification F. No. DoR.LIC.No.S3539/22-03-070/2026-27 dated 28th July, 2026, and published in The Gazette of India on August 11, 2026, has directed the inclusion of the Coastal Local Area Bank Limited in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934). This action is taken in pursuance of clause (a) of sub-section (6) of Section 42 of the aforementioned Act. The notification was signed by R. Lakshmi Kanth Rao, Executive Director.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-MH-E-12082026-275417 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 495] NEW DELHI, TUESDAY, AUGUST 11, 2026/SHRAVAN 20, 1948 THE GAZETTE OF INDIA : EXTRAORDINARY RESERVE BANK OF INDIA (Central Office, Mumbai) NOTIFICATION Mumbai, the 28th July, 2026 [PART III—SEC.4] F. No. DoR.LIC.No.S3539/22-03-070/2026-27.— In pursuance of clause (a) of sub-section (6) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India hereby directs the inclusion of the Coastal Local Area Bank Limited in the Second Schedule to the said Act. R. LAKSHMI KANTH RAO, Executive Director [ADVT.-III/4/Exty./264/2026-27] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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